By the end of this year, the company's total installed capacity will increase by 76.73% to 2.764 million kilowatts. It is predicted that the earnings per share in 2006 and 2007 are 0.06 yuan and 0.26 yuan respectively. The company's net assets per share at the end of the first quarter of 2006 was 3.6935 yuan. The closing price was 3.34 yuan before suspension. Share reform 10 get three free after the natural removal of rights for 2.57 yuan. The price-to-book ratio is about 0.70 times, far lower than the average level of power stocks, there is room for improvement, and may induce major shareholders to privatize and sell shells. The company has a high debt ratio. Given 11 times the risk return of PE,12% in 2007, the current valuation is 2.55 yuan. It's more reasonable. The first rating is "hold".
【西南证券】华银电力股改短评
[southwest Securities] A brief comment on the Reform of Huayin Electric Power shares
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